Credit Card Tips

[puzzlemaster]

Thanks very much for this interesting information

[minisoji]

When Your Credit Card Is Lost Or Stolen


On the list of things you’d hate to lose, credit cards rank high on the list, somewhere between your kids and car keys. A lost or stolen credit card has the potential to cause a lot of damage, especially if you have a high credit limit. Because the last thing you want is damage to your credit at someone else’s hand, it’s crucial that you know what to do when your credit card has been lost or stolen.

Reporting Your Lost Credit Card

The first thing you should do is report your missing credit card to the card issuer as soon as you notice the card is missing. Don’t wait a day or even a minute.

Most card issuers print their customer service phone number on your billing statement. Locate a recent copy of your statement to find the number to reach your card issuer. Alternatively, if you have online access for your credit card, you may be able to use the website to report your missing credit card.

When you contact your creditor, you should have the following:

* your account number
* the date you noticed your card was missing
* the date and amount of your last purchase, if known

Even after you’ve contacted the card issuer by phone, it’s wise to follow-up with a letter. The letter should state that your credit card was lost or stolen and include the account number, date of loss or theft, first date the loss was reported, and the last authorized transaction. This letter will provide proof that you reported the loss should that fact ever come into question.

Dealing With Unauthorized Charges

The Fair Credit Billing Act (FCBA) protects you when fraudulent charges are made with your lost or stolen credit card. Under federal law, if unauthorized charges are made with your credit card, the maximum amount you can be liable for is $50. If the charges are made after you report the card lost or stolen, you have no liability. However, if the charges are made before you report the loss, your creditor can ask you to pay up to $50. That’s why it’s important to report your missing credit card as soon as possible.

Many credit card issuers have some type of protection benefit that eliminates your liability for any fraudulent charges as long as the card is reported missing within a certain period of time. Ask your creditor if such a benefit applies to your account.

Review your billing statement for a few months after the loss to catch any unauthorized charges made using your credit card. If you see any charges that you did not make, report them to your creditor as soon as possible.

Preventing Future Loss

* The best way to avoid a lost or stolen credit card is to remain aware of your card’s whereabouts at all times. At any point in time, you should only carry the credit cards that you’ll need. Leave the others at home. Take the steps necessary to keep your credit cards in a safe and secure place.
* Avoid placing credit cards directly into your pockets. It’s easier for them to slip out.
* Make sure your cards fit snugly inside the slots of your wallet or billfold. If the slots have become loose or worn, consider purchasing a new, stiffer wallet that will hold your credit cards securely in place.
* Take some time now to create a contact list including the name and number of all your card issuers. Store the list in a safe place so you can easily reach your card issuers if a credit card is lost or stolen in the future.

Keywords:Money, finance, banks, saving, invest, mutual fund, ATM, credit card, Joint Credit Card Debt, Cancel a Credit Card Payment

[misaelwade]

Thanks for your information.By doing this we can save lot of money.

[minisoji]

How to get rid of Credit Card Debts

First important most important step is to stop now putting things on any cards. If its for a recurring thing such as gym membership, game membership every month. Stop it or try to pay it just with your checking account. The basic thing is to stop putting anymore onto your cards.

The second step is you need see where your money is mostly going. So gather up all your receipts and look. Is it going towards eating out or buying clothes. If it is find alternative routes such as packing your lunch or not buying clothes.

The third step is to look at all your cards and see the all the balances and to write them down. Now set a date usually seven to eight months from now. Which is a realistic goal.

Now take all your balance and divide them by seven or eight months or you can divide them weekly such as sixteen. Now your payments will be much more easier to pay per week or month and you won't feel overwhelmed of how much debt.


Keywords: using credit cards, credit cards tips, credit cards care, banking, online banking, credit card debts

[minisoji]

How to choose a credit card setup for a small business?

These days, business processes have ceased to function in traditional outdated ways. Cash was the only preferred medium for any transaction in the past. Nowadays you have unlimited choices to make payments – credit card, debit card, cash card, membership card etc. this has given a new dimension the multi faceted trade and commerce.

Any businessman who wishes to utilize the services of credit transactions has to set up an account in this connection. This not only separates business expenses from other expenses but also facilitates transactions over the phone as well as the internet.

Given below are some instructions to set up an account to manage credit card payments for your small enterprise:

Step1- Select a competent bank or a financial institution that can provide you quality services with respect to credit. The most commonly used Visa or Master Card are well accepted by majority of the banks.

Step2 – Contact the bank or the financial company personally to get details on procedure to be followed. Most of them would ask you to fill up an application form which can be done in person or online.

Step3 – fill in the correct details as per the instructions stated in the form – the names, addresses, contact numbers, business history, financial status, annual income, profit earned etc.

Step4 – Prepare a rough estimate of the amount you would require for your company and determine your monthly expenditure in this connection.

Step5 – Specify the number of cards you need to distribute among your employers.

Step6 – Evaluate if you need a tracking system to keep a watch on employee expenses. Talk to your banker if they can include a reporting package or provide online statements for the same.

Step7 – Weigh the pros and cons to avail additional benefits such as travel miles, membership fees, interest benefits, 24/7 customer care, overdraft facilities, merchant acceptance, access from local banks etc.

Keywords: using credit cards, credit cards tips, credit cards care, banking, online banking, credit card debts

[Jones4life]

My dad and my mum have credit cards. I will soon have one

[minisoji]

What Are the Rules Regarding Joint Credit Card Debt?


It is vital to know the rules that pertain to joint credit card debt due to the implications they can have on long-term credit scores. Joint credit card debt is common in today's society but few people understand all of the rules that govern this type of credit card debt. It is important to understand who is responsible for what, and who the creditor can legally contact regarding the debt and hold liable.

Joint debt

Joint debt is common with credit card holders because of the benefits of having two people listed on an account. Having more than one person listed on an account typically allows for a lower interest rate and a larger credit limit. Creditors will extend these more favorable rates and limits to joint debtors because both signers can be and will be held responsible for the debt. It makes the creditor twice as likely to get money owed from the debtors. When opening an account as joint debtors, be sure to plan for all possible life events

Divorce

Joint credit card debt between a married couple going through a divorce is a common source of problems. The rules of the credit agreement state that both parties will be held responsible for the debt and it will be necessary for the attorneys involved in the proceeding to split the debts between the two individuals in a fair manner. Once the debt is decided upon, the parties should call the credit card companies, inform them of the divorce, and see how they can handle the issue. In most cases the courts will issue judgments to the parties which state which credit cards will be paid by whom. However, in the case of default, the creditor can still contact either debtor for payment. In this situation, the debtor must return to court for a motion to compel to be filed against the other debtor.

Joint debt between unmarried individuals

Joint credit card debt between unmarried individuals can be dangerous. If a girlfriend and boyfriend take out a credit card together then break up, the debt stays intact and both parties are obligated to pay for all balances old and new. Call the credit card company, cancel the card for any future transactions, and work out a plan to pay off old balances.

Keywords: Money, finance, banks, saving, invest, mutual fund, ATM, credit card, Joint Credit Card Debt

[simba1211]

Hey there,

First of all thanks for great help on knowing YOUR CREDIT CARD tips and also I have the greatest tip to Give.

NEVER USE YOUR CREDIT CARD,


yeh to baniya se bhi jyada mehenga hai

[aeytovareschskash]

Im gonna mod my fader but I dont know how to do it. I assume you just cut pieces of an old credit card out and stick them at each end of the fader to shorten the travel. Is it really that simple or is there anything else I should know? How do you hold the pieces in there? Do you just cut em so the fit is tight?

[Freespirit82]

Don't use credit card debt unless you absolutely have to!!!!